Ford Motor Co. on Wednesday reported second-quarter adjusted earnings of $3.7 billion — more than triple that of the same period a year ago, when the company had a gain of $1.1 billion. The company saw a net income of $667 million compared with a $561 million net income for the same time period in 2021. Ford reported revenue of $40.2 billion compared with… Continue reading Ford triples adjusted earnings in second quarter, reports $3.7B
Tag: Tesla
GM and LG to build 3 US EV battery factories with a $2.5B DOE loan
The US Department of Energy (DOE) has announced a conditional loan of $2.5 billion for Ultium Cells, a joint venture of General Motors (GM) and battery manufacturer LG Energy Solution, to help finance EV lithium-ion battery cell factories in three states. The loan is intended to support the expansion of electric vehicle deployment in the US.… Continue reading GM and LG to build 3 US EV battery factories with a $2.5B DOE loan
Tesla has a new product called ‘Virtual Machine Mode’ coming to its ‘Big Battery’
Tesla has a new product called “Virtual Machine Mode,” and it is being deployed at its energy storage project in South Australia, nicknamed “Tesla Big Battery,” in partnership with France’s Neoen. Over the last few years, Tesla has put a lot of effort into developing software products to take better advantage of its rapidly growing… Continue reading Tesla has a new product called ‘Virtual Machine Mode’ coming to its ‘Big Battery’
Tesla finally puts an end to its unlimited ‘Standard Connectivity’ with now 8-year limit
Tesla has finally put an end to its unlimited “Standard Connectivity” internet connection included in all Tesla vehicles with now a new generous eight-year time limit. Connectivity has been a flagship feature of Tesla’s offering in the auto industry. It enables several fun and useful features for customers and has also been used by Tesla… Continue reading Tesla finally puts an end to its unlimited ‘Standard Connectivity’ with now 8-year limit
Tesla’s ‘unlimited’ connectivity plan, including navigation, now expires after eight years
Tesla made a change to its free data connectivity tier that could potentially have a big impact on the way its customers use their vehicles. The included Standard Connectivity package, which adds basic navigation features without live traffic views or satellite maps and the ability to stream music over Bluetooth, will now expire after eight… Continue reading Tesla’s ‘unlimited’ connectivity plan, including navigation, now expires after eight years
New Analysis Finds That Blocky Cybertruck Has Enviable Wind Resistance
Not bad! Jankless While Tesla CEO Elon Musks’s oddly-shaped, historically janky Cybertruck might not look particularly efficient, a new independent analysis suggests that the much-delayed addition to the company’s lineup of electric vehicles is surprisingly aerodynamic. Aleix Lázaro Prat, a computer fluid dynamics engineer for a company called Numeric System, simulated the cyberpunk pickup’s wind… Continue reading New Analysis Finds That Blocky Cybertruck Has Enviable Wind Resistance
Tesla supplier LGES looks to set up EV battery plant in Europe
SEOUL (Reuters) — Tesla-supplier LG Energy Solution posted a quarterly profit that missed estimates due to rising material costs and COVID-19 curbs in China, and said it was looking for new production sites in Europe and Asia rather than in China. The South Korean company, which counts EV maker Lucid as a customer, also said… Continue reading Tesla supplier LGES looks to set up EV battery plant in Europe
Nio Is Down 70% From All-Time Highs. Here Are 2 Reasons Why It’s Worth a Second Chance.
With Tesla (NASDAQ: TSLA) as the only established industry leader, there is still a great opportunity for start-up electric vehicle (EV) makers to ultimately dominate the market. As of now, Nio (NYSE: NIO) and Rivian (NASDAQ: RIVN) are ahead of the competition, but all EV companies have faced supply chain challenges as a result of… Continue reading Nio Is Down 70% From All-Time Highs. Here Are 2 Reasons Why It’s Worth a Second Chance.
Tesla Stock Vs. BYD Stock: Tesla Bounces, China EV Giant Launching BYD Seal, Model 3 Rival
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Lithium-Ion Battery Metals Market to Grow with Massive CAGR of 33.7% Through 2030: P&S Intelligence
NEW YORK, July 27, 2022 /PRNewswire/ — From a little over $14 billion in 2021, the lithium-ion battery metals market revenue is projected to witness a massive 33.7% CAGR, to cross $192 billion by 2030, according to P&S Intelligence. the demand for such materials will increase the fastest in Europe, which is currently witnessing an… Continue reading Lithium-Ion Battery Metals Market to Grow with Massive CAGR of 33.7% Through 2030: P&S Intelligence